Finland Orders Israeli Spike Missiles for €223.6M

Finland’s Ministry of Defence authorised the Defence Forces to order SPIKE SR, LR2 and ER2 missile systems from Israeli firm Rafael Advanced Defense Systems Ltd.

The overall value of the procurement, without value added tax, is €223.6 million. The procurement was implemented through NATO Support and Procurement Agency (NSPA) and the Land Combat Missiles partnership programme.

The contract also includes munitions, training equipment, maintenance equipment, training, documentation and spare parts. Delivery equipment for the systems will be procured through a separate procurement in Finland.

Spike SR and LR2 are procured to complement the anti-tank capabilities as part of the Army’s critical additional procurements. The procurement will increase the number of SPIKE LR missiles in the PSTOHJ2000M system and the new features of the SPIKE SR missiles that are procured for the first time will improve the capabilities of anti-tank troops.

The ER2 system procured for the Navy is a medium/long-range system suitable for coastal troops, capable of having an impact on vessels and buildings.

The systems will be maintained in cooperation with the strategic partner supplier Millog Oy. The employment effect of the system maintenance for Millog Oy is three person-years. The procurement will increase the maintenance of the SPIKE system at Millog Oy.